HOCHTIEF Projektentwicklung sells “Height 1” office high-rise in Hamburg
Subsidiary of Privatbank Berenberg buys former “Spiegel” high-rise with gross floor area of approximately 8,200 square meters
(firmenpresse) - HOCHTIEF Projektentwicklung has sold the “Height 1” office building—the
first phase of the “Hamburg Heights” development on the so-called “Spiegel Island”—to a subsidiary of Privatbank Berenberg. The sale was effected during business year 2014. It was agreed that no details of the purchase price would be disclosed. The rental space at Height 1—a good 7,100 square meters—will
be used in full by the legal firm MDS MÖHRLE / HAPP LUTHER. The landmark-listed high-rise, previously used by the “Spiegel” news magazine, will be extensively refurbished by the beginning of 2016.
The Hamburg Heights ensemble is being developed on a 7,700-square-meter lot in the Hamburg-Altstadt district between Jungfernstieg (Inner Alster) and the Überseequartier (HafenCity). In the first step Height 1, which has 13 above-grade floors, is being refurbished and fitted with state-of-the-art engineering. The second phase will involve the revitalization of Height 2, formerly the IBM high-rise and later the “Spiegel” publishing house, which is also landmark-listed. The project further foresees the construction of three new buildings—“Height 3”, “Height 4” and “Height 5”. There are also plans for a below-grade parking garage running beneath the entire lot, to be accessed from the street “Dovenfleet”. Height 1 and Height 2 have already received DGNB Silver precertification.
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HOCHTIEF is one of the most international construction groups worldwide. The company delivers complex infrastructure projects, in some cases on the basis of concession models. The Group operates in the transportation infrastructure, energy infrastructure and social/urban infrastructure segments as well as in the contract mining business. With nearly 81,000 employees and a sales volume of more than EUR 25 billion in FY 2013, HOCHTIEF is represented in all the world’s major markets. With its subsidiary Leighton, the Group is market leader in Australia. In the USA, the biggest construction market in the world, HOCHTIEF is the No. 1 general builder via its subsidiary Turner and, with Group company Flatiron, ranks among the most important players in the field of transportation infrastructure construction. Because of its engagement for sustainability, HOCHTIEF has been listed in the Dow Jones Sustainability Indexes since 2006.
HOCHTIEF Projektentwicklung as a subsidiary of the HOCHTIEF Group has been developing, realizing and marketing real estate projects in Germany and abroad since 1991 and is considered Germany''s leading inner-city center developer. Its core business comprises office buildings in downtown locations and areas within easy reach of city centers. It also focuses on residential properties, retail properties, and the development of entire urban quarters. HOCHTIEF Projektentwicklung does not build up any property portfolio of its own but operates as an "interim investor" with the goal of selling the projects to a final investor well-let and as swiftly as possible. With its offices in Germany and Europe, the company makes sure it is close to its clients. Sustainable concepts, prime locations, sophisticated architecture and innovative technology make for value creation and cost reductions.
HOCHTIEF Projektentwicklung GmbH
Corporate Communications
Gabriele Stegers
Alfredstrasse 236
45133 Essen
GERMANY
Tel.: +49 201 824-2282
Fax: +49 201 824-1728
E-Mail: gabriele.stegers(at)hochtief.de
Datum: 08.01.2015 - 06:55 Uhr
Sprache: Deutsch
News-ID 1328834
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